Superannuation Laws Amendment (2004 Measures No. 1) Act 2004 (92 of 2004)

Schedule 2   Administrative amendments

Part 2   Repayment dates and general interest charge

Superannuation (Government Co-contribution for Low Income Earners) Act 2003

13   Before subsection 25(1)

Insert:

(1A) If:

(a) a person is liable under subsection 16(1) or 20(1) to repay an amount; and

(b) the whole or a part of the amount remains unpaid after the time by which the amount is due to be paid;

the person is liable to pay general interest charge on the unpaid amount.

Note: The heading to section 25 is altered by omitting “ on overpayment ”.